Satellite Chemical plans to build USD3.6 billion alpha olefin industrial park in Lianyungang

Satellite Chemical is investing CNY25.7 billion (USD3.6 billion) to construct an industrial park for alpha olefins in Lianyungang, Jiangsu, China. Once completed, it will have an annual capacity of 2.5 million tons of light hydrocarbon raw materials and an annual output value of CNY48 billion.

“Satellite Chemical said it is investing CNY25.7 billion (USD3.6 billion) to construct an industrial park for alpha olefins, a high-end new material used in synthetic lubricants, motor oils and other products.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Satellite Chemical Gains on Plan to Build USD3.6 Bln Alpha Olefin Industrial ParkXu WeiJun 19, 2023

Summarized from public sources; check the original articles before acting on it.